PHILIPSBURG / WILLEMSTAD – As of today, July 1, 2025, the Deposit Guarantee Scheme (DGS) for Curaçao officially enters into force. With this milestone, depositors in Curaçao are now formally protected under a statutory deposit guarantee scheme, further strengthening public trust and promoting financial stability.
The DGS protects depositors in the event that a credit institution is no longer able to meet its obligations. Deposits at credit unions are protected up to a maximum of Cg 25,000 per account holder, per credit union. For deposits at other credit institutions, such as banks and savings funds, the maximum is Cg 50,000 per account holder, per credit institution.
Depositors do not need to take any action to benefit from this protection. Coverage is automatic, and all eligible deposits held at credit institutions are protected by law.
The introduction of the DGS Curaçao follows international developments and best practices aimed at strengthening financial sector resilience, ensuring depositor protection, and safeguarding economic stability. By offering this safety net, the DGS reinforces depositor confidence in the financial system.
The Centrale Bank van Curaçao en Sint Maarten (CBCS) is currently developing the DGS for Sint Maarten in close collaboration with the Ministry of Finance of Sint Maarten. This scheme will provide the same level of protection to account holders with credit institutions operating in Sint Maarten.
The CBCS is responsible for the implementation of the DGS. The operational execution of the scheme is carried out in collaboration with the currently established Foundation Deposit Guarantee Fund (DGF), which manages the funds reserved to compensate eligible depositors.
The CBCS will continue to work closely with credit institutions and other stakeholders to inform the public about the functioning and benefits of the DGS. To support this effort, the CBCS has launched an official DGS website. For more details, please visit https://dgs.cw/ or contact the DGS information desk via [email protected]. To further enhance public understanding, the CBCS will launch a public awareness campaign in Q3 this year.
